Budget: Secondary metal producers seek 12% GST; to meet officials today

Industry representatives will meet finance ministry officials on Monday in a bid to arrest the closure of small and medium enterprises

Having failed to get any relief in Budget 2018, secondary metal producers are meeting with senior officials in the Ministry of Finance on Monday, seeking a cut in the goods and services tax (GST) from the existing 18 per cent to 12 per cent to arrest the closure of small and medium enterprises (SMEs) involved in metal recycling.   

Ahead of the Union Budget, secondary metal producers under the aegis of the Metal Recycling Association of India (MRAI) had urged the government to abolish the 2.5 per cent import duty on metal scrap, which would automatically provide them a level